Freedom Broker Upgrades JPMorgan Chase & Co. (NYSE:JPM) to Strong-Buy

Key Points

• Freedom Broker upgraded JPMorgan Chase to “strong buy” from “hold.” Across analysts, the stock carries a “Moderate Buy” consensus rating with an average price target of $365.45.
• JPMorgan shares rose 1.2% to $339.49, but the bank’s latest quarterly results fell short of expectations, with EPS of $5.75 versus $5.94 estimated and revenue of $50.17 billion versus $51.23 billion expected.
• Institutional investors own 71.55% of the stock, while insider ownership is 0.41%; several major institutions increased their JPMorgan positions during the latest reporting periods.

JPMorgan Chase & Co. (NYSE:JPM) was upgraded by equities researchers at Freedom Broker from a "hold" rating to a "strong-buy" rating in a report issued on Thursday, Zacks reports.

JPM has been the subject of several other reports. UBS Group decreased their price objective on shares of JPMorgan Chase & Co. from $400.00 to $395.00 and set a "buy" rating for the company in a report on Monday, October 5th. Truist Financial increased their price objective on shares of JPMorgan Chase & Co. from $352.00 to $361.00 and gave the stock a "hold" rating in a research note on Wednesday. Morgan Stanley boosted their price target on JPMorgan Chase & Co. from $370.00 to $377.00 and gave the stock an "equal weight" rating in a report on Wednesday. Jefferies Financial Group reiterated a "neutral" rating on shares of JPMorgan Chase & Co. in a research report on Friday, September 25th. Finally, Robert W. Baird increased their price objective on shares of JPMorgan Chase & Co. from $305.00 to $312.00 and gave the company a "neutral" rating in a research report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and thirteen have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $365.45.

JPMorgan Chase & Co. Stock Up 1.2%

Shares of NYSE JPM traded up $3.96 on Thursday, reaching $339.49. 8,413,461 shares of the company's stock traded hands, compared to its average volume of 8,676,750. JPMorgan Chase & Co. has a 12 month low of $279.10 and a 12 month high of $366.50. The business's 50 day simple moving average is $348.22 and its two-hundred day simple moving average is $330.24. The company has a market cap of $902.43 billion, a price-to-earnings ratio of 14.24, a price-to-earnings-growth ratio of 1.33 and a beta of 1.02. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.31.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its earnings results on Tuesday, October 13th. The financial services provider reported $5.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.94 by ($0.19). The business had revenue of $50.17 billion for the quarter, compared to analysts' expectations of $51.23 billion. JPMorgan Chase & Co. had a net margin of 21.85% and a return on equity of 18.48%. JPMorgan Chase & Co.'s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $5.07 earnings per share. As a group, equities research analysts forecast that JPMorgan Chase & Co. will post 23.74 EPS for the current fiscal year.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 2,500 shares of the stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $352.81, for a total transaction of $882,025.00. Following the sale, the insider owned 71,047 shares of the company's stock, valued at approximately $25,066,092.07. This trade represents a 3.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.41% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. State Street Corp boosted its stake in JPMorgan Chase & Co. by 0.8% in the second quarter. State Street Corp now owns 125,209,293 shares of the financial services provider's stock valued at $40,984,758,000 after acquiring an additional 932,632 shares in the last quarter. Bank of America Corp DE increased its position in JPMorgan Chase & Co. by 6.1% during the 2nd quarter. Bank of America Corp DE now owns 69,666,753 shares of the financial services provider's stock valued at $22,804,018,000 after buying an additional 4,006,293 shares in the last quarter. Bank of New York Mellon Corp increased its position in JPMorgan Chase & Co. by 2.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 21,642,804 shares of the financial services provider's stock valued at $7,084,339,000 after buying an additional 540,362 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in JPMorgan Chase & Co. by 3.3% in the first quarter. Dimensional Fund Advisors LP now owns 18,968,884 shares of the financial services provider's stock valued at $5,578,788,000 after buying an additional 607,288 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in JPMorgan Chase & Co. by 0.7% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 18,833,413 shares of the financial services provider's stock valued at $6,164,741,000 after buying an additional 134,634 shares during the last quarter. 71.55% of the stock is owned by institutional investors.

JPMorgan Chase & Co. News Summary

Here are the key news stories impacting JPMorgan Chase & Co. this week:

• Positive Sentiment: JPMorgan reported approximately $15.3 billion in third-quarter net income and added more than 650,000 net new checking accounts, highlighting continued customer and deposit growth. JPMorgan Chase: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Several analysts remain constructive: Royal Bank of Canada reiterated an Outperform rating, while Morgan Stanley and Robert W. Baird published bullish outlooks. Investors may view JPMorgan’s scale, profitability and balance-sheet strength as defensive advantages if economic conditions deteriorate. JPMorgan Earns Outperform Rating from Royal Bank of Canada
• Positive Sentiment: The bank’s decision to block unvetted third-party AI agents from customer accounts could reduce cybersecurity, fraud and operational risks, while its AI strategy continues to develop under tighter controls. Jamie Dimon Warns About AI Payment Agents
• Neutral Sentiment: Citigroup lowered its price target from $360 to $350 while maintaining a Neutral rating, suggesting limited near-term upside but no major deterioration in its view. Citigroup Lowers JPMorgan Price Target
• Neutral Sentiment: JPMorgan and Goldman Sachs increased the yield and improved terms on a $5 billion leveraged loan for Volta Infrastructure, indicating stronger investor compensation is needed for riskier AI-related debt. This may support fee activity but also underscores tighter credit-market conditions. JPMorgan and Goldman Boost Yield on Volta AI Loan
• Negative Sentiment: The third-quarter earnings release included an EPS miss, while revenue also came in below consensus estimates. The shortfall has raised questions about whether the stock’s recent gains already reflect much of its earnings strength. JPMorgan Misses Third Quarter Earnings
• Negative Sentiment: One Seeking Alpha analysis downgraded JPMorgan to Hold, citing leverage as a potential constraint on future earnings. CEO Jamie Dimon also warned that inflation, elevated asset prices, bond yields and the possibility of a market shock remain important risks. JPMorgan Leverage a Concern to Future Earnings

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a global financial services company headquartered in New York City. Through its businesses, the company provides banking, investment banking, asset management, private banking, commercial banking, consumer lending and payment services to individuals, businesses, institutions and governments.

The company operates through major business areas that include Consumer & Community Banking, Commercial & Investment Banking, and Asset & Wealth Management. Its products and services include deposit accounts, credit cards, mortgages, auto loans, business financing, investment and advisory services, securities trading and custody, payment processing, and wealth-management solutions.

JPMorgan Chase serves customers in the United States and maintains operations and client relationships across international markets.

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